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China July iron ore output down 1.9pc on month BEIJING: China produced 136.7 million tonnes of iron ore in July, up 11.4 percent on the year but down 1.9 percent on the month, data from the National Bureau of Statistics showed on Thursday.China's high-cost and low-grade iron ore producers have been under heavy pressure as a result of falling global prices which have made imports more competitive.Copyright Reuters, 2014 ...

China's refined copper output rises in July: stats bureau HONG KONG: China's refined copper production rose to 633,518 tonnes in July versus 623,428 tonnes in June, data from the National Bureau of Statistics showed on Thursday.The July output was up 16.5 percent from a year ago.Production of primary aluminium increased to 1.98 million tonnes in July from 1.95 million tonnes in June. The July output rose 7.2 percent year-on-year.Copyright Reuters, 2014 ...
China July iron ore output defies expectations of sharp drop BEIJING: Chinese iron ore production in July slipped 1.9 percent on the month but was 11.4 percent higher compared to last year, with high-cost domestic miners still managing to maintain output levels despite a rapid fall in the price of imports.Domestic miners produced a total of 136.7 million tonnes of iron ore in July, data from the National Bureau of Statistics showed on Thursday, defying analysts' expectations of widespread shutdowns.China's high-cost and low-grade iron ore ...
Spot gold neutral in $1,305-$1,315 range SINGAPORE: Spot gold looks neutral in a range of $1,305-$1,315 per ounce, and an escape will point a direction.The range has been defined by two trendlines of a triangle, which will be confirmed as a bullish pattern, should gold climb above $1,315, or a bearish pattern, when the metal falls below $1,305.A bullish target at $1,330 or a bearish target at $1,296 will be established accordingly once gold leaves the range. These two levels are ...
LME copper to test support at $6,850 SINGAPORE: LME copper is expected to test a support at $6,850 per tonne, with a good chance of breaking below this level and falling further to $6,791.The metal is riding on a powerful wave C, which has travelled below a support at $6,887, its 123.6 percent Fibonacci projection level. The next support will be at $6,850, the 138.2 percent level, which may not stop this wave from advancing towards the 161.8 percent projection level at ...
Shanghai copper to fall more to 48,680 yuan SINGAPORE: Shanghai copper is expected to slide further to 48,680 yuan per tonne, as it has broken below a support at 49,240 yuan.The support was formed around the 76.4 percent Fibonacci projection level of a downward wave C which developed from 51,070 yuan, an hourly chart high touched on July 25.The next support will be at 48,680 yuan, the 100 percent level, a break below which will lead to a further loss towards 48,120 yuan, ...
Palm oil to fall into $2,094-$2,124 ringgit range SINGAPORE: Palm oil is expected to fall more into a range of 2,094-2,124 ringgit per tonne, as indicated by its wave pattern and a Fibonacci projection analysis.The contract is riding on a wave v, the fifth wave of a five-wave cycle that developed from the Aug. 4 high of 2,270 ringgit. This cycle makes up a bigger wave 5.A Fibonacci projection analysis based on the length of the wave 1 that started at the June ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
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WeeklyAugust 15, 2014
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